Opening (IRA): XBI May 21st 120 Short Put

SPDR Series Trust SPDR S&P Biotech ETFArca

Description

⋅ Mar 23, 2021 4:22 PM

... for a 2.17/contract credit.

Notes: 30-day at >35% at 40.1%. Selling the 16 delta here. 1.84% ROC at max as a function of notional risk. As usual, will take profit on approaching worthless or, if in the money at expiry, take assignment and sell call against.

Comments

blakewhite

⋅ Apr 15, 2021 5:38 PM

MAN DO I WISH I KNEW WHAT YOU ARE TALKING ABOUT

NaughtyPines

⋅ Apr 15, 2021 10:12 PM

@blakewhite, I dunno ... . Maybe google "Premium Selling," "Selling Puts, Cash Secured."